
Maryland housing Data: July 2022
Units Sold
2021 - 2022 Comparison

% Change in Units Sold

Units Pending
Pending: Now that the seller and the buyer have agreed to each
other’s terms and all contingencies have been met, the home is marked as
pending and taken off the market
Units Pending: Number of houses that reached pending status
2021 - 2022 Comparison

% Change in Units Pending

Active Inventory
The inventory number is calculated by simply taking a count of the
properties marked as active on the last day of the month
2021 - 2022 Comparison

% Change in Active Inventory

Average Sale Price
2021 - 2022 Comparison

% Change in Average Sale Price

Months of Inventory

% Change in Months of Inventory

New Listings
2021 - 2022 Comparison

% Change in New Listings

Conclusions
Maryland consists of 23 counties and Baltimore City. Altogether 24
regions.
- Units sold is down in every single county
- Range of % YoY Change in Units sold is -37% to -3%
- Pending Sales is down in all but one county - Washington
- Range of % YoY Change in Units pending is -39% to 6%
- Active Inventory is up in 5/24 regions
- Range of % YoY Change in Active Inventory is -49% to 32%
- Average sale price is up in all counties except Dorchester and
Somerset Counties
- Range of % YoY Change in Average Sale Price is -31% to 28%
- Median sale price is up in all counties except Garrett &
Somerset counties
- Range of % YoY Change in Median Sale Price is -7% to 38%
- Median days on market is down in 1/24 regions and Median DOM is up
in 17/24 regions. In 6/24 regions median DOM is unchanged
- In Somerset county YoY median DOM decreased by 3 days and in
Dorchester county it increased by 20 days
- Months of inventory is up in 5 counties. In rest of the regions
months of inventory is down.
- Range of % YoY Change in Months of Inventory is -40% to 63%
- New Listings are down in all of the regions
- Range of % YoY Change in Months of Inventory is -39% to -12%
Montgomery County trend: January - July 2022
Units Sold

% Change in Units Sold

Units Pending

% Change in Units Pending

Active Inventory

% Change in Active Inventory

Average Sale Price

% Change in Average Sale Price

Months of Inventory

% Change in Months of Inventory

New Listings

% Change in New Listings

Conclusions: Montgomery County
- Units sold is down from January through July
- % Change in units sold doesn’t show a consistent pattern; However,
we observed the largest YoY decline in units sold in July
(-30.01%)
- Units pending is also down from January through July. Since February
YoY decline in units pending has been increasing and in July this
decline was 24.74%
- Difference was below 3% in February and except for that every other
month YoY units pending is down more than 10%
- 2022 active inventory is also down compared to 2021 levels. However,
it is improving every single month since January 2022 but July there was
a slight decline compared to June
- In January the YoY % difference was -50% but in July the YoY %
difference was -24.62%
- Average sale price is lower in January 2022 compared to January
2021.
- For the second consecutive month average sale price declined in July
2022. Average sale price declined by around $62,000 from May to July
2022
- Average sale price is higher in 2022 compared to 2021. In July YoY
increase was 5.67%
- Median sale price also showed similar trend as the average sale
price; However, median sale price gradually increased every single month
since February 2022.
- For the second consecutive month average sale price declined in July
2022. Median sale price declined by around $50,000 from May to July
2022
- In July YoY increase was 4.59%
- Median Days on Market is higher in January 2022 compared to January
2021 by 2 days. From February through May there was no change in median
days on market between 2022 and 2021. In July 2022 median DOM stayed the
same as July 2021.
- Months of Inventory has been down throughout 2022; However, it has
been gradually increasing since January with a decline in July compared
to June. In January YoY change in months of inventory was -55.56% and in
July it improved to -21.43%
- New Listings has been down throughout 2022 except for in February.
YoY change in new listings are lower in July compared to June.